TORONTO, ON / ACCESSWIRE / January 20, 2022 / Inflation in Canada is on an upward trajectory that leads to an increase in prices. This includes most prices from groceries to properties. During this time, a top Toronto-based mortgage broker is urging prospective home-owners to secure loans and receive favourable rates. "We believe inflation will continue to rise in the coming months thus, interest rates will likely increase. As a result, this makes mortgages more expensive and unfortunately places mortgages almost completely out of reach for some people", says Nathan Weisz, CEO of the rapidly growing Weisz Choice Mortgage Group (WCMG). WCMG believes that the critical step for a potential home-owner is to work with a mortgage broker and apply for a pre-approval for a loan. This secures more favourable terms at current rates and is valid for 90 to 120 days after being pre-approved. This gives clients the ability to know what they are being approved for before purchasing a property. This also protects from any rate increase that may occur during that time.

In addition, inflation has economy-wide ramifications, particularly for the housing market. There are three significant issues. The first issue includes supply chain problems including backlogs of goods waiting to be processed at Canadian ports. This is a significant factor that caused inflation in Canada to rise to 4.8 percent, a new 30-year high, according to CBC News. Several experts predict it will not be long before rates pass 5 percent and continue to climb which makes it more difficult for people to ‘reach'.

Second of all, inflation causes the cost of construction materials to increase which unfortunately, builders must set higher and higher house prices to cover those soaring costs which can depress demand.

Lastly, inflation makes it more expensive to borrow money thus, making it more costly to take on a mortgage. This is significant as those loans are often essential in order to provide the funds that people need to purchase a property. If people are unable to buy a home, the market starts to decline. If this happens, the economy begins to decline, and thus, inflation continues to escalate.

Thus, Weisz reports that "it is essential for those who have been waiting to purchase their dream home to begin as soon as they are able to ensure better rates and a better price."

History of Helping People Become Home-Owners

Weisz says that he has always prioritized the needs of his clients especially during the growing inflation issues. Leading a team of four agents, Weisz Choice Mortgage Group provides a range of services for clients, whether they are first-time home-buyers, looking for commercial real estate, prosperities for long-term investments and many other situations. WCMG has almost a decade of experience in the property and mortgage industry. This has led to significant insight into every possible lending option that can tailor to someone's individual needs. "I have a passion for helping others, so if I can use my skills to overcome significant obstacles and transactions, then I am all there" says Weisz.

It is an approach Weisz has taken throughout his career which began eight years ago working for a major Canadian bank exploring investing and lending. Two years later, he focused solely on selling mortgages for the bank and eventually decided to work for another bank to learn even further. "I wanted to see if the grass was greener but it wasn't greener, just the same shade". This is what prompted Weisz to launch his mortgage group in January after getting a firm grasp on the latest loan technology and operations. The expertise he and his colleagues have developed allows them to offer a vast range of mortgages and lines of credit from banks. As well as, A lenders, B lenders, private lenders and reverse mortgages when appropriate. This team not only helps educate and provide many resources to their clients but they are all about exceptional customer service. "My clients come first", says Weisz.

Commitment to Clients Help Grow The Business:

When Weisz was thinking about starting his own mortgage company, he looked back on his career and tried to identify the uniqueness that would make his business stand out. He recognized one of the leading talents that home-owners continuously praised him for was his dedication to find them a property that they loved. He also has been continuously recognized for customer service abilities by responding to clients within a timely manner with knowledge and such kindness. Weisz ensures that all his colleagues believe and practice this technique to each and every one of their clients.

Weisz Choice Mortgage Group aims to alleviate what he calls the "stigma of anxiety" associated with the often-complicated process of buying a home. The team's continuous goal is to ensure that clients are at-ease by ensuring this process is as stress-free as possible. Weisz reports "not only do we offer mortgages but we also connect clients with others in the industry to ensure that their mortgage lending process is organized and resourceful. This includes access to specific lawyers, realtors, inspectors, plumbers, landscapes, interior designers and more. If it involves a house, we have someone for you."

Their niche is simple - they treat their clients like family with this hands-on approach, the team is available to their clients from the beginning with the pre-approval process through to the day contracts are signed. "And even beyond, we are there to wish our clients a happy birthday and contact them for special holidays. We are there for our clients and that is all I can ask of my staff", says Weisz.

Media Contact:

Nathan Weisz
nweisz@weiszchoice.com
https://www.weiszchoice.ca/

SOURCE: Weisz Choice Mortgage Group

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